Kensington, CA is an expensive place to live in terms of housing costs. The median value for a house in the area is $1,216,800 which is significantly higher than the US median of $338,100. Despite this high cost, Kensington has experienced a decent rate of appreciation over the last year at 7.93%, slightly lower than the US average of 8.27%. This suggests that although there is a high demand for housing in Kensington, it hasn't caused prices to skyrocket as much as it could have with such a strong market.
The median home cost in Kensington is $1,216,800. Home appreciation the last 10 years has been 88.1%. Home Appreciation in Kensington is up 9.6%.
Average Age of Homes
- The median age of Kensington real estate is 70 years old
The Rental Market in Kensington
- Renters make up 12.9% of the Kensington population
- 0.6% of houses and apartments in Kensington, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.